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TIC Solutions (TIC) Q3 2026 Earnings Report

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TIC Q3 2026 EPS Results

Actual EPS
-$0.05
Consensus EPS
$0.02
Beat/Miss
Missed by -$0.07
One Year Ago EPS
-$0.08

TIC Q3 2026 Revenue Results

Actual Revenue
$639.62M
Expected Revenue
$615.03M
Beat/Miss
Beat by +$24.59M
YoY Revenue Growth
+34.97%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/05/2026
Time
Before Open
Conference Call
Thursday, November 5, 2026
TIC Upcoming Earnings

TIC Solutions's next earnings date is estimated for April 1, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

TIC Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 05, 2026|% Change Since:-0.75%|
Earnings Call Sentiment|Positive

The call was strongly positive overall. Highlights significantly outweighed the lowlights, with record quarterly revenue, accelerating organic growth, broad-based segment performance, expanding margins, record backlog, strategic acquisitions and raised full-year guidance. The principal challenges were Geospatial execution and profitability, elevated leverage, working-capital-driven cash-conversion timing and relatively modest year-to-date I&M growth.

Company Guidance

The company raised full year 2026 revenue guidance to $2.24 billion to $2.27 billion from $2.15 billion to $2.25 billion and adjusted EBITDA guidance to $342 million to $350 million from $330 million to $355 million, with a midpoint of $346 million; fourth quarter guidance implies revenue of $528 million to $558 million and adjusted EBITDA of $82 million to $90 million, representing approximately 7% year-over-year growth in revenue and 13% growth in adjusted EBITDA at the midpoint. For 2027, management is planning for mid- to high single-digit revenue growth, with C&E and Geospatial growth again expected to outpace I&M, and expects adjusted EBITDA to grow faster than revenue; I&M was described as a low to mid-single digits grower. Full-year expectations include net cash interest expense of $195 million to $105 million, cash taxes of $25 million to $30 million and capital expenditures of $50 million to $60 million, while the company remains on track to deliver a $25 million run rate target by year-end and approximately $15 million of realized savings in 2026, toward its 2029 objectives of $3 billion in revenue, 18% adjusted EBITDA margin and 85% free cash flow conversion.

  • Record Quarterly Revenue and ProfitabilityCombined third-quarter revenue grew 12.5% to $640 million, including organic growth of 8.4%, up from 2.5% in the second quarter. Adjusted EBITDA increased 19% to $107 million, and adjusted EBITDA margin expanded approximately 90 basis points to 16.8%.
  • Broad-Based End-Market GrowthPower and Utilities revenue increased 40% to $108 million, Infrastructure increased 22% to $70 million, Industrial Manufacturing and Metals grew over 40% to $55 million, Aerospace and Defense increased more than 50% to $13 million, and Buildings increased 25% to $126 million.
  • Data Center Momentum Exceeded TargetData center revenue doubled to $38 million in the quarter, bringing trailing-12-month revenue to $117 million and exceeding the previously stated $100 million target. The company reported a backlog of over $120 million and said its sales pipeline remains strong.
  • Record Combined C&E and GEO BacklogCombined Consulting and Engineering and Geospatial backlog reached a record $1.29 billion, up 23% year-over-year. Twelve-month backlog increased 16% year-over-year, providing visibility into the balance of 2026 and into 2027.
  • Cross-Selling and Life-Cycle Partner Strategy Gaining TractionCross-selling is translating into awarded work, contributing to organic growth and strengthening client relationships. The company described a Canadian mining assignment that expanded from inspection into rope access, drone surveying, 3D modeling, engineering analysis and repair planning.
  • Technology and AI Initiatives ExpandedThe company is deploying AI and technology work streams for quality assurance and quality control, document and contract intelligence, technical-document retrieval, knowledge sharing, productivity, service quality and margin expansion. Management said the initiatives are moving from an exploratory phase toward execution and scaled deployment.
  • Strategic Acquisitions Expanded Capabilities and ReachThree announced acquisitions—GeoVerra, WDI and Core Group—together generate approximately $90 million in annualized revenue and are accretive to the company's margin target. GeoVerra expands Canadian Geospatial capabilities, WDI adds utility-focused GIS consulting and data services with a highly recurring revenue base, and Core Group expands European data-center commissioning capabilities.
  • Inspection and Mitigation Returned to GrowthI&M third-quarter revenue was $318 million, up 8.5% year-over-year, reflecting increased call-out, outage and capital-project activity, including work shifted from the second quarter. Adjusted gross margin increased 80 basis points to 29.2%, primarily due to higher-margin work and indirect-cost discipline.
  • I&M Service-Line MomentumRope access services grew over 20% in the quarter and 15% year-to-date, while the lab business increased approximately 15% in the quarter. Call-out work and small-project work also grew, and both were described as higher-margin service categories.
  • I&M Commercial Pipeline and Market ExpansionI&M's commercial pipeline remains active across call-out services, capital projects and embedded inspection and maintenance programs. Power and Utilities revenue increased over 13%, industrial revenue increased 15%, wind activity contributed to performance, and management said the segment has pending site wins and momentum heading into 2027.
  • Consulting and Engineering Delivered Record RevenueC&E generated record third-quarter revenue of $223 million, up 20.3% year-over-year, with adjusted gross profit up 20% and adjusted gross margin roughly flat at 47.4%. Growth was broad-based across the segment's largest end markets.
  • C&E End-Market PerformanceWithin C&E, Buildings revenue increased 23%, Infrastructure increased 14%, and Power and Utilities increased 18%. Data centers remained a significant contributor, with quarterly revenue roughly doubling year-over-year.
  • Long-Term Infrastructure and Utility AwardsThe company won a multiyear Brooklyn stormwater contract building on a client relationship spanning approximately 30 years. The project will install porous pavement to help reduce sewer-system pressure, overflows into Gravesend Bay and street flooding. C&E also cited multiyear utility programs involving generation, transmission, distribution and grid modernization.
  • Geospatial Revenue and Contract Wins IncreasedGeospatial third-quarter revenue increased 9.3% to $98 million, supported by power and utilities, military programs and recent acquisitions. Awards included two large NOAA LiDAR contracts along Florida's Gulf Coast and a National Geospatial-Intelligence Agency contract with a term of up to five years for commercial geophysical data and survey services.
  • Commercial Geospatial Activity ExpandedThe company conducts aerial surveys covering more than 1 million miles of power lines annually and is jointly pursuing utility work that combines Geospatial mapping with Inspection services. Management also cited expansion opportunities in Canada, Asia Pacific and the Middle East.
  • Improved Consolidated Gross Profit and SG&A LeverageAdjusted gross profit increased 13.2% to $243 million, while adjusted gross margin improved approximately 25 basis points to 38.0%. Adjusted SG&A declined to 21.3% of revenue from 21.8%, reflecting net synergy savings and operating leverage, partially offset by higher nonbillable labor, incentive compensation and acquired-business overhead.
  • Adjusted EPS IncreasedThird-quarter adjusted diluted earnings per share was $0.18, up from $0.14 in the second quarter. Year-to-date adjusted diluted earnings per share was $0.36.
  • Nine-Month Financial GrowthFor the first nine months of 2026, revenue was $1.712 billion versus $1.603 billion in the prior-year period, representing combined growth of 6.8% and organic growth of 4.3%. Adjusted EBITDA was $260 million, with a 15.2% margin.
  • Cost-Savings Program Remains on TrackThe company had actioned approximately $22 million of annualized run-rate cost savings as of September 30, up from $20 million at the end of the second quarter. Management remains on track to deliver the previously announced $25 million run-rate target by year-end and continues to expect approximately $15 million of realized savings in 2026.
  • Integration ProgressedThe company launched its integrated CRM platform during the quarter, providing visibility into opportunities across the combined organization. Remaining integration work includes HR and financial-system integrations and alignment of the IT environment.
  • Capital Allocation Included M&A and Share RepurchasesThe company deployed $170 million of net cash on M&A during the quarter, bringing year-to-date acquisition investment to $180 million. It also repurchased approximately 900,000 shares in July for $7 million, bringing year-to-date repurchases to 2.8 million shares at an average price of $8.20 per share for a total of $22.7 million.
  • Liquidity and Interest-Rate HedgingAs of September 30, total liquidity was $293 million, including $198 million of cash and undrawn capacity on the $125 million revolving credit facility. The company's $800 million interest-rate swap provides greater certainty around borrowing costs.
  • Full-Year Revenue Guidance RaisedFull-year revenue guidance was increased to $2.24 billion to $2.27 billion from $2.15 billion to $2.25 billion. Adjusted EBITDA guidance was narrowed to $342 million to $350 million from $330 million to $355 million, raising the midpoint to $346 million.
  • Positive Fourth-Quarter and 2027 FrameworkFourth-quarter guidance implies revenue of $528 million to $558 million and adjusted EBITDA of $82 million to $90 million. At the midpoint, this represents approximately 7% year-over-year revenue growth and 13% adjusted EBITDA growth. For 2027, management is planning for mid- to high single-digit revenue growth, with C&E and Geospatial expected to outpace I&M.
  • Progress Toward 2029 ObjectivesManagement reiterated its objectives of $3 billion in revenue, an 18% adjusted EBITDA margin and 85% free cash flow conversion by 2029, supported by organic growth, strategic acquisitions, operating improvements, higher utilization, cost discipline and automation.
  • Data Center Geographic ExpansionApproximately 80% of data-center revenue remains in Asia Pacific, 20% in the United States and a small amount in Europe. The Core acquisition establishes a European platform in response to client demand, while management said the company serves approximately 80 data-center end users.

TIC Earnings History

TIC earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Apr 01, 20272026 (Q4)-0.05--0.19――
Nov 05, 20262026 (Q3)0.01-0.05-0.0837.50% (+0.03)
Aug 06, 20262026 (Q2)0.00-0.060―
May 06, 20262026 (Q1)-0.06-0.19-0.219.52% (+0.02)
Mar 12, 20262025 (Q4)0.06-0.25-0.13-92.31% (-0.12)
Nov 12, 20252025 (Q3)0.06-0.08-0.7188.73% (+0.63)
Aug 14, 20252025 (Q2)0.090.00――
May 15, 20252025 (Q1)0.00-0.212.7-107.77% (-2.91)
Mar 27, 20252024 (Q4)0.04-0.132.7-104.81% (-2.83)
Nov 04, 20242024 (Q2)―-0.710.01-8975.00% (-0.72)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed